LIVESTOCK NEWS
Harrington's Sort & Cull
John Harrington DTN Livestock Analyst
Fri Oct 4, 2013 01:28 PM CDT

Now that the Market News division of USDA has been indefinitely closed due to lack of funds, many livestock producers and processors find themselves in deep doo-doo.

Why?

Because locked offices, furloughed employees, and unplugged computers cannot collect and collate the price and volume data necessary to generate critical weighted averages used to formulate the marketing of most cattle, hogs, and meat.

According to the latest survey of marketing methods, cattle feeders formulate nearly 60% of ready steers and heifers. Hog producers are even more addicted to the trigger of weighted averages in this regard, pricing 90% to 95% of ...

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